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. that means the lending is not going on. we're still at increasingly a low economy. if you buy back the dell, you don't go to the banks anymore. you find other sources of money. i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. stocks had a pretty nice day yesterday. the s&p closed at five-year highs. we are looking to the down decide this morning. the dow looking to lose about 62 at the open. the picture in europe, a couple of downgrades for gdp forecasts from both the german government and world bank. italy is down by 1.5%. road map this morning starts off with the banks and earnings. jpmorgan higher. goldman sachs at 18-month highs. >> japan airlines gro
, he's got a hundred days, really maybe a year to create his legacy. we're hearing the economy, taxes, gun control, immigration, energy policy. i look for him to hit on those themes, and i look for a theme of unit. i'll look to see if he can bring boehner and the republicans over or if he's going to try to exercise in a second term as a campaign style president, one role he's more comfortable in, really, than governing. >> just briefly here because we mentioned history and we started off the show talking about president george washington's second address which was only 135 words, shortest in history. when you look over history, what do you look to as a very significant inauguration, a point of comparison, if you will, to others? >> sure. well, this one feels to me like bush's, g.w. bushes 2004 election. i look to others as more inspirational. i look at the highenned security during lincoln's reelection where he referenced god 14 times, trying to bring the country together during a civil war that was dividing our nation. i look at the depression and fdr, trying to tell people that fear
, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over the last decades, and the price target -- i don't think 1.1 times tangible is expensive, but we do get some push back on that for sure. >> i'll bet you do. we had a discussion earlier about whether the go long money center short liegen center will last other reverse. do you have a view? >> i would expect it to last, maybe continue. the pressure is hitting the bank industry right now. i think the money center banks have a usneaks advantage to not have as much pressure and exp
Search Results 0 to 3 of about 4 (some duplicates have been removed)